Q. With reference to the Asian Development Bank (ADB), which of the following statement(s) is/are correct?
1.It aims to promote economic and social development in Asia and the Pacific.
2.India is the largest shareholder in the ADB.
3.Pakistan is not a member country of the ADB.
Select the correct answer using the codes give below:
Answer: B
Notes:
Explanation –
Statement 1 is correct. The Asian Development Bank (ADB) is a regional development bank that focuses on reducing poverty and promoting sustainable economic growth in Asia and the Pacific.
Statements 2 and 3 are incorrect. The largest shareholders of the Asian Development Bank (ADB) are Japan and the United States, with 15.6% of total shares each. Pakistan is a founding member of the Asian Development Bank (ADB).
Source: The Hindu
